I had a great week last week that left me feeling incredibly optimistic about the Seattle economy. First, Techstars Seattle Demo Day. What a super event, “lots of coverage of it”:http://www.geekwire.com/2011/favorite-pitches-techstars-demo-day-red. Great young companies, enthusiasm, great pitches, good progress in […]
So someone asked me “Hey, with your views on the Occupy movement, how do you feel about the fact that the top 10% pays 70% of federal income tax? Is that fair?” First of all, this is NOT the Occupy […]
* “Poor Halo play prompts stabbing threat”:http://blog.seattlepi.com/seattle911/archives/231642.asp. Doesn’t seem unreasonable. I’ve heard campers threatened with worse. * “How Secure Is My Password”:http://howsecureismypassword.net/. No idea how accurate, but fun. 17 thousand years for my typical password. * “Rich on photobooks”:http://www.tongfamily.com/archives/2010/12/photobooks-for-christmas/. I […]
Apple’s quarter (NYTimes): “We’re making our most innovative products ever and our customers are responding”…”unexpectedly strong sales of Macintosh computers and a surge in iPhone purchases pushed Apple’s profit up 15 percent in the third quarter”…”PC shipments for the industry […]
Gleaned from the twittersphere: FT.com / Comment / Opinion – Ten principles for a Black Swan-proof world. Man some good common sense in here. Business plans a waste of time. Sounds like your typical entrepreneur would be far better off […]
Dave Chen pointed me towards The Big Takeover, a great telling of the AIG story. People are pissed off about this financial crisis, and about this bailout, but they’re not pissed off enough. The reality is that the worldwide economic […]
Who is getting the bank bailout money – CNNMoney.com. Wow, $10.5Trillion so far. $35,000 from each US citizen’s pocket. To pay for years of poor decision making, greedy decision making. F%^k.
“That would drive managers out of the United States.” via Treasury Maps New Era of Regulation – WSJ.com. So just wondering, why would driving hedge funds out of business in this country be a bad thing? How many inventions have […]
Ben was so right | The Big Picture. The backlash against AIG bonus backlash is in full swing. I for one am glad though that the bonus issue has exploded. While the dollars involved are not material to our country, […]
“It did good work on the collapse of Bear Stearns a year ago, but for the most part it has done a mediocre job of explaining all that has gone wrong with our economic system.” — I’d have to agree, […]
Home | Recovery.gov. — should check this on at least a weekly basis.
Warren Buffett: “We don’t know the perfect answers on it. What we do know is to stand by and do nothing is a terrible mistake…” via Marginal Revolution: The best argument I’ve read *for* the stimulus.
From Marginal Revolution: Economists Speak: As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current […]
From The Big Picture | The Innovator, the Imitator, the Idiot: “Buffett once told me there are three ‘I’s in every cycle. The ‘innovator,’ that’s the first ‘I.’ After the innovator comes the ‘imitator.’ And after the imitator in the […]
On the today show, the figure $900B was thrown around as the total cost of bailouts so far (Bear, Fannie and Freddie, AIG). That is about $3,000 for every citizen of the US. Congratulations! We entrusted the financial services sector […]
The Oil Drum | World Cement Usage: An Indicator of Energy Consumption–and China and India Are Certainly Using It — OK we better start worrying about peak cement.